Bitwise has filed plans for a Stablecoin and Tokenization exchange-traded fund 
(ETF) that tracks an index of companies and crypto-asset exchange-traded 
products (ETPs) tied to the guts of onchain payments and asset settlement. 
Bitwise Aims ETF at the Back-End of Crypto: Issuers, Oracles, and ETPs Bitwise 
Funds Trust submitted a post-effective amendment on Sept. 16, […]

Indexing the Plumbing: Bitwise Moves on Stablecoin and Tokenization ETF

Binance is reportedly negotiating an early termination of its court-appointed 
compliance monitor. The move, signaling a potential thaw in regulatory frost, 
could free the exchange from a key condition of its historic $4.3 billion 
settlement. On September 16, Bloomberg reported…

Binance seeks early exit from DOJ’s watchful eye

Circle is now a HYPE holder, has introduced native USDC to Hyperliquid and is 
considering becoming a network validator.

Circle responds to Hyperliquid’s stablecoin with investment, native USDC rollout

The de‑dollarization milestone has been reached as China’s yuan benefits from 
the Trump administration’s uncertain foreign‑economic policy. While still in 
its nascent stages, the yuan’s internationalization is growing rapidly, 
doubling its share of international payments since 2022. Milestone Reached: 
China’s Yuan Usage Grows Over 50% for National Cross-Border Flows The 
internationalization of the yuan, a […]

De‑Dollarization Reaches Critical Phase: China’s Yuan Adoption for Cross‑Border Flows Tops 50%

Analyst Austin Hilton has sounded a major XRP warning even as the price 
continues to consolidate. He declared that this is the last chance to get into 
the altcoin before its price goes on a parabolic run. Last Chance To Get In On 
XRP Before Its Q4 Bull Run In a YouTube video, Austin Hilton warned that this 
is the last chance for investors to accumulate XRP before its major bull run 
in the last quarter of this year. He noted that September was expected to be a 
slow month with little action from the altcoin, especially as investors wait 
on a Fed rate cut. Related Reading: Analyst Warns XRP Investors Not To FOMO 
In, Wait For This To Happen First The analyst further remarked that the 
altcoin has even outperformed expectations this month, considering that it was 
able to reclaim the psychological $3 level and has held well above support 
levels. However, Austin Hilton predicts that a greater run lies ahead for the 
altcoin, with liquidity set to return in the fourth quarter from both retail 
and institutional investors. Another bullish fundamental he alluded to is the 
fact that XRP is being taken off exchanges, which indicates that crypto whales 
are actively accumulating the token. This could lead to a supply shock, which 
could serve as a catalyst for higher prices. Bitcoinist reported that 
Coinbase’s reserves have crashed by 90% as whales move tokens off the exchange 
to hold for the long term. Meanwhile, four major crypto exchanges, including 
Binance, saw massive demand earlier in the month, leading them to add 1.2 
million coins to meet this demand. The CryptoQuant analysis that pointed this 
out noted that the demand might have been coordinated and might have come from 
institutions. This comes ahead of the potential XRP ETFs launch, which is 
bullish for the altcoin’s price. Institutions Set To Flow Into The Altcoin 
With ETF Launch Institutions are set to inject new capital into the ecosystem 
with the launch of the first spot XRP ETF, which is happening this week. REX 
Shares confirmed that its REX-Osprey XRP ETF (XRPR) is coming this week. It 
noted that this will be the first U.S. ETF to deliver investors spot exposure 
to XRP. Related Reading: What To Expect If XRP ETFs Get Approval From The SEC 
Bloomberg analyst James Seyffart stated that the REX-Osprey XRP ETF isn’t a 
“pure” spot ETF. He explained that it will hold spot directly and other spot 
XRP ETFs from around the world to get its exposure. The analyst also noted 
that the fund’s prospectus includes language that would allow it to invest in 
derivatives for exposure if needed. However, that won’t be the primary 
exposure method. The spot XRP ETFs could get a SEC approval in October, which 
is another factor that could serve as a catalyst for higher prices for the 
cryptocurrency heading into the fourth quarter. Seven fund issuers are 
currently awaiting the SEC’s approval to offer a 100% spot XRP ETF. At the 
time of writing, the XRP price is trading at around $2.97, down over 2% in the 
last 24 hours, according to data from CoinMarketCap. Featured image from Adobe 
Stock, chart from Tradingview.com

Cryptocurrency price in KWD